New Risk • 4h
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risk Revenue is less than US$5m (AU$3.6m revenue, or US$2.6m). Board Change • May 01
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). MD & Executive Director Blake Burton is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Apr 23
Adisyn Ltd has filed a Follow-on Equity Offering in the amount of AUD 14 million. Adisyn Ltd has filed a Follow-on Equity Offering in the amount of AUD 14 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 207,407,407
Price\Range: AUD 0.0675
Discount Per Security: AUD 0.00405
Transaction Features: Subsequent Direct Listing New Risk • Jan 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$3.5m revenue, or US$2.3m). Market cap is less than US$100m (AU$54.2m market cap, or US$36.3m). Board Change • Dec 24
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). MD & Executive Director Blake Burton is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Oct 01
Adisyn Ltd, Annual General Meeting, Nov 26, 2025 Adisyn Ltd, Annual General Meeting, Nov 26, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.014 loss per share (vs AU$0.008 loss in FY 2024) Full year 2025 results: AU$0.014 loss per share (further deteriorated from AU$0.008 loss in FY 2024). Net loss: AU$6.43m (loss widened 350% from FY 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Aug 18
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). MD & Executive Director Blake Burton is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Mar 18
Adisyn Ltd Announces Two Board Appointments Adisyn Ltd. announced leadership transition plan the Company has completed two significant board appointments. Kevin Crofton to be appointed Non-Executive Chairman: Semiconductor industry leader Mr. Kevin Crofton has been appointed non-executive chairman, stepping up from his current role as non-executive director on 17 March 2025. Mr. Crofton replaces Mr. Shane Wee who will step down from the Company with immediate effect. Mr. Crofton brings more than 30 years industry experience including at a number of high-profile positions at major semiconductor companies: Lam Research Corporation, KLA Corporation, Newport Corporation and SPTS Technologies. Further, Mr. Croftons contributions extend beyond corporate leadership including serving as Chair of the industry association, SEMI International, founding the UKs Compound Semiconductor Applications Catapult and advising Senator Mark Warner on the US CHIPS Act. Mr. Crofton is uniquely positioned to lead the company through its next phase of growth In addition, the company welcome highly credentialled tech entrepreneur Mr. Dominic OHanlon as a non-executive director, as of 17 March 2025. Mr. OHanlon brings extensive knowledge of the Information Technology industry over a career spanning more than 30 years. Dominic has a track record of repeated successes with domestic and global experience through key executive positions focused on growing and commercialising technology businesses. Dominic has served as Managing Director and CEO of rhipe Limited for over seven years. During Mr. OHanlons time as CEO of RHP, the business grew sales from AUD 74.5 million to $377.4 million (26.6% CAGR) and EBITDA from AUD 1.5 million to $16.6 million (41% CAGR). RHP had approximately 600 staff across 10 countries. Prior to RHP, Mr. OHanlon had multiple technology build and scale experiences including as CEO of Haley Limited and as Chief Strategy Officer of MYOB. Mr. OHanlon is currently a non-executive director of Pentanet, which operates its flagship wireless network and possesses an Alliance Partner Agreement with world-leading computer processing company NVIDIA. In addition, Mr. OHanlon is chair of fast-growing private company BeMoved.app. Dominic is a Fellow of the Australian Institute of Company Directors. Board Change • Feb 04
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). MD & Executive Director Blake Burton is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Jan 24
Adisyn Ltd has completed a Follow-on Equity Offering in the amount of AUD 10 million. Adisyn Ltd has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 105,263,158
Price\Range: AUD 0.095
Discount Per Security: AUD 0.0019
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Jan 21
Adisyn Ltd Announces the Appointment of Kevin Crofton to its Board of Directors as a Non-Executive Director Adisyn Ltd. announced the appointment of Mr. Kevin Crofton to its Board of Directors as a Non-Executive Director, which will be effective subject to standard regulatory requirements and checks. Mr. Crofton's extensive expertise in the semiconductor sector is expected to significantly enhance the Company's strategic direction and growth prospects. His impressive career spans more than three decades, with significant management and leadership positions at Lam Research Corporation, KLA Corporation, Newport Corporation, NEXX Systems and Aviza Technology. Notable achievements include: SPTS Technologies: In 2008, Mr. Crofton co-led a private equity backed buyout of Aviza Technology UK to create what became SPTS Technologies, where he was President and Managing Director from 2006 to 2020 and created a USD 500 million turnover, highly profitable, market leading company; Comet Group: As CEO (2020-2022), he led the Swiss-listed semiconductor company, growing revenue to CHF 600 million and nearly doubling EBITDA performance. During his tenure he drove the company's market cap up 175% to CHF 2.2 billion. Mr. Crofton's industry contributions extend beyond corporate leadership: Served on the board of the industry association, SEMI International, from 2014 to 2022, including as Chair and Vice Chair; Founder and Chair of the UK's Compound Semiconductor Applications Catapult (2017-2022); Advisor to Senator Mark Warner on the US CHIPS Act and Governor Glenn Youngkin on Virginia's Semiconductor Initiative; Current Chairman of the Board at Creo Medical Group Plc. His influence is further reflected in numerous technical publications, speaking engagements, and awards recognising his contributions to innovation and technology. Mr. Crofton holds an MBA with a concentration in international business from American University and a bachelor's degree in aerospace engineering from Virginia Tech University. Board Change • Dec 24
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Non-Executive Director Justin Thomas is the most experienced director on the board, commencing their role in 2012. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Nov 07
Adisyn Ltd has completed a Follow-on Equity Offering in the amount of AUD 3 million. Adisyn Ltd has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Oct 24
Adisyn Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million. Adisyn Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Oct 08
Adisyn Ltd, Annual General Meeting, Nov 29, 2024 Adisyn Ltd, Annual General Meeting, Nov 29, 2024. Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.014 loss per share (vs AU$0.022 loss in FY 2023) Full year 2024 results: AU$0.014 loss per share (improved from AU$0.022 loss in FY 2023). Revenue: AU$5.78m (up 105% from FY 2023). Net loss: AU$1.43m (loss narrowed 36% from FY 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.93 loss per share (vs AU$0.022 loss in FY 2023) Full year 2024 results: AU$0.93 loss per share. Revenue: AU$7.03m (up 149% from FY 2023). Net loss: AU$1.44m (loss narrowed 35% from FY 2023). Annuncio • Aug 21
Adisyn Ltd Appoints Jesse Gane as Chief Technology Officer Adisyn Ltd. announced the appointment of Mr. Jesse Gane as chief technology officer (CTO), effective 19 August 2024. The appointment strengthens the company's executive management team as it works on streamlining the business with a focus on AI and Cyber Security and targeting it's sales activities towards businesses in the defence industry supply chain. Jesse is currently a member of the company's industry advisory board and was previously a Director of Space, Cyber, and Federal Government Services at Downer Group, managing critical contracts with national responsibilities and fostering strong partnerships between organizations, government entities, and industry partners. Jesse has a background in the Australian Navy as a submariner with specialist communication and cybersecurity skills. He has demonstrated a commitment to delivering cutting-edge IT solutions in diverse operational landscapes. His efforts in system architecture and product delivery have left an enduring mark on naval operations, earning accolades for his commitment to excellence and innovation. As CTO of the company, Jesse will be responsible for developing and delivering technology solutions for both existing and new clients, with a strong focus on industry wide stakeholder engagement. He will also play a pivotal role in evaluating and expanding key technology partnerships, including existing partnerships and collaborations with leading semiconductor IP business 2D Generation and Australian Defence and National Security partner, Phase. New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (77% increase in shares outstanding). Market cap is less than US$10m (AU$7.40m market cap, or US$4.82m). Minor Risk Revenue is less than US$5m (AU$4.5m revenue, or US$2.9m). Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 12
Adisyn Ltd, Annual General Meeting, May 14, 2024 Adisyn Ltd, Annual General Meeting, May 14, 2024, at 10:00 W. Australia Standard Time. Location: 27 Aspiration Circuit, Bibra Lake, WA 6163 Perth Australia Agenda: To consider the Ratification of Prior issue of Placement Shares; to consider the Ratification of Prior issue of Capital Raising Shares; to consider the Approval to issue Broker Options; to consider the Appointment of Auditor to fill vacancy; to consider the Approval to issue Consideration Securities to Strategic Advisor; and to consider other matters if any. Annuncio • Feb 20
Adisyn Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.298 million. Adisyn Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.298 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,900,000
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Annuncio • Nov 25
Adisyn Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.4 million. Adisyn Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Annuncio • Oct 06
DC Two Limited, Annual General Meeting, Nov 30, 2023 DC Two Limited, Annual General Meeting, Nov 30, 2023. Board Change • Aug 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 17
DC Two Limited (ASX:DC2) completed the acquisition of assets and business of Shimazaki Management Group Pty Ltd. DC Two Limited (ASX:DC2) entered into a binding agreement to acquire assets and business of Shimazaki Management Group Pty Ltd for AUD 0.43 million on July 10, 2023. The consideration for the acquisition will be performance-based only and will be paid in the 3 tranches - Tranche 1 including performance right converting into 1,000,000 shares upon the incoming employees remaining continuously employed by DC Two for a period of 12 months from completion of the transaction, Tranche 2 comprising performance right converting into AUD 75,000 worth of Shares if the Thomas Cyber Business achieves a minimum of AUD 1,000,000 in audited revenue for the fiscal 2024 period or AUD 35,000 worth of Shares if the Thomas Cyber Business achieves a minimum of AUD 500,000 in audited revenue for the fiscal 2024 period and Tranche 3 comprising AUD 200,000 worth of Shares if the Thomas Cyber Business achieves a minimum of AUD 3,000,000 in audited revenue for the fiscal 2025 period or AUD 100,000 worth of Shares, if the Thomas Cyber Business achieves a minimum of AUD 2,000,000 in audited revenue for the fiscal 2025 period. Following completion of the acquisition, a new cyber division will be created within DC Two. Thomas Cyber’s management will join DC Two and lead the new division.
The transaction is conditional on due diligence by DC Two, Thomas Jreige and Kristen Rayson entering into employment agreements with DC Two under terms which are mutually acceptable to both parties, third party consents and approvals including all other approvals, consents, novations, transfers of IP and other rights, or waivers of a third party (including those of any Governmental Agency) which are necessary or desirable to implement the acquisition and other standard conditions precedent for a transaction of this nature.
DC Two Limited (ASX:DC2) completed the acquisition of assets and business of Shimazaki Management Group Pty Ltd on July 17, 2023. Thomas Jreige, the current CEO and co-founder of Thomas Cyber, has been appointed as the new Head of Cyber of DC Two and will lead the division. Kristen Raysen, the co-founder and current BRM of Thomas Cyber, will transition to the role of BRM - Cyber Security at DC Two. Board Change • Jul 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 10
DC Two Limited (ASX:DC2) entered into a binding agreement to acquire Assets and business of Shimazaki Management Group Pty Ltd. DC Two Limited (ASX:DC2) entered into a binding agreement to acquire Assets and business of Shimazaki Management Group Pty Ltd on July 10, 2023. The consideration for the acquisition will be performance-based only and will be paid in the 3 tranches - Tranche 1 including performance right converting into 1,000,000 shares upon the incoming employees remaining continuously employed by DC Two for a period of 12 months from completion of the transaction, Tranche 2 comprising performance right converting into AUD 75,000 worth of Shares if the Thomas Cyber Business achieves a minimum of AUD 1,000,000 in audited revenue for the fiscal 2024 period or AUD 35,000 worth of Shares if the Thomas Cyber Business achieves a minimum of AUD 500,000 in audited revenue for the fiscal 2024 period and Tranche 3 comprising AUD 200,000 worth of Shares if the Thomas Cyber Business achieves a minimum of AUD 3,000,000 in audited revenue for the fiscal 2025 period or AUD 100,000 worth of Shares, if the Thomas Cyber Business achieves a minimum of AUD 2,000,000 in audited revenue for the fiscal 2025 period. Following completion of the acquisition, a new cyber division will be created within DC Two. Thomas Cyber’s management will join DC Two and lead the new division.
The transaction is conditional on due diligence by DC Two, Thomas Jreige and Kristen Rayson entering into employment agreements with DC Two under terms which are mutually acceptable to both parties, third party consents and approvals including all other approvals, consents, novations, transfers of IP and other rights, or waivers of a third party (including those of any Governmental Agency) which are necessary or desirable to implement the acquisition and other standard conditions precedent for a transaction of this nature. Board Change • Jun 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 17
DC Two Limited Announces Executive Changes DC Two Limited announced the appointment of Mr. Jasper Sentow as interim part-time Chief Financial Officer, effective 16 June 2023, following the resignation of Mr. Bradley Goodsell on the same date. Sentow is an experienced finance professional and member of CPA Australia, holding an MBA degree from Macquarie University. With a proven history of building high-performance teams and engaging stakeholders, Mr. Sentow brings expertise in commercial decision-making, strategic planning, risk management, financial management, IT management, and business acquisitions. Previous experiences include prominent finance roles at East Asiatic Company, HSE Mining, and Cranecorp, spanning multiple industries. Reported Earnings • Mar 04
First half 2023 earnings released: AU$0.02 loss per share (vs AU$0.031 loss in 1H 2022) First half 2023 results: AU$0.02 loss per share (improved from AU$0.031 loss in 1H 2022). Revenue: AU$1.00m (down 38% from 1H 2022). Net loss: AU$1.60m (loss narrowed 19% from 1H 2022). Board Change • Feb 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 24
DC Two Limited, Annual General Meeting, Feb 23, 2023 DC Two Limited, Annual General Meeting, Feb 23, 2023, at 12:30 W. Australia Standard Time. Location: 27 Aspiration Circuit, Bibra Lake 6163 WA Perth Western Australia Australia Agenda: To approve of the proposed acquisition of the sale shares from burton capital; to approve to issue consideration shares to burton capital; to approve to issue consideration shares to unrelated sellers; and to consider any other matters if any. Annuncio • Jan 05
DC Two Limited has completed a Follow-on Equity Offering in the amount of AUD 1.10465 million. DC Two Limited has completed a Follow-on Equity Offering in the amount of AUD 1.10465 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,516,666
Price\Range: AUD 0.039
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,867,949
Price\Range: AUD 0.039
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,269,237
Price\Range: AUD 0.039
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,670,513
Price\Range: AUD 0.039
Transaction Features: Subsequent Direct Listing Board Change • Dec 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Shane Wee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
